Religare Health to launch scheme for the poor

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The government segment accounts for close to 19% the country’s Rs 15,000 crore health insurance business.
The government segment accounts for close to 19% the country’s Rs 15,000 crore health insurance business.

Religare Health Insurance plans to provide health insurance scheme to people living below poverty line (BPL). According to Anuj Gulati, Managing Director and Chief Executive Officer, the company will initiate discussions with the Central and State governments on providing services under the government-sponsored health schemes for the BPL category from January next year.

“We have got a team on board and we will start working towards tapping that segment from early January,” Gulati told newspersons on the sidelines of an insurance summit organised by the CII here on Tuesday.

Religare, which commenced operation in health insurance business this year, would also focus on retail as well as corporate segments, he said. The private life insurer was currently awaiting IRDA’s approval for two products — one each in retail health and group heath insurance.

The company also plans to enter into travel insurance, critical illness, personal accident and disease specific products segment and would launch those products in a phased manner in the next few quarters, he said.

(This article was published on December 18, 2012)
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